| Purchase Price $
|
Scenario 1 |
Scenario 2 |
Scenario 3 |
| Loan Scenario |
1st loan |
80% = |
$1,356,000 |
80% = |
$1,356,000 |
80% = |
$1,356,000 |
| 2nd loan |
0% = |
$0 |
10% = |
$169,500 |
15% = |
$254,250 |
| Your downpayment |
% = |
$339,000 |
% = |
$169,500 |
% = |
$84,750 |
| Monthly Payment |
|
|
|
|
|
|
| 1st loan (Interest only) |
@ % = |
$8,130 |
@ % = |
$8,130 |
@ % = |
$8,130 |
| + 2nd loan (Interest only) |
@ % = |
$0 |
@ % = |
$1,185 |
@ % = |
$1,692 |
| + Property tax (monthly) |
|
$1,766 |
|
$1,766 |
|
$1,766 |
| + Insurance:
Condo,
House
|
|
$283 |
|
$283 |
|
$283 |
| + HOA dues $
|
|
$0 |
|
$0 |
|
$0 |
| = Monthly payment before tax benefits |
|
$10,179 |
|
$11,364 |
|
$11,870 |
| - Tax deductions at your tax rate
% |
|
<$2,564> |
|
<$2,882> |
|
<$3,009> |
| = Monthly payment after tax benefits |
|
$7,615 |
|
$8,482 |
|
$8,861 |
Return to property details
These examples illustrate possible financing scenarios. This is not an offer to extend credit. Loan programs, rates, qualifying criteria and tax laws change frequently, so please consult with an appropriate professional before taking action. We offer financing through Silicon Valley Capital Funding, Inc., which is not affiliated with Keller Williams Realty.
